Cost of Living: Ridgewood, NJ vs Detroit lakes, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Ridgewood | Detroit lakes |
|---|---|---|
| Housing Index | 120.0 | 95.0 |
| Median Home Price | $978,500 | $218,000 |
| Average Rent (2 BR Apartment) | $2200 | $1240 |
| Average Rent (2 BR House) | $2250 | $1296 |
Housing Comparison: Ridgewood vs Detroit lakes
- In Ridgewood, the median home price is higher at $978,500, while in Detroit lakes it is $218,000.
- Renting a two-bedroom apartment costs more in Ridgewood at $2,200 than in Detroit lakes at $1,240.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Ridgewood | Detroit lakes |
|---|---|---|
| Electricity Price | $19.88 | $16.38 |
| Natural Gas Price | $14.01 | $14.87 |
| Other Utilities | $250 | $220 |
Utilities Comparison: Ridgewood vs Detroit lakes
- Electricity costs are higher in Ridgewood at $19.88 per kWh, compared to $16.38 in Detroit lakes.
- Detroit lakes experiences higher natural gas costs at $14.87 per unit, with costs at $14.01 in Ridgewood.
- Other utility costs are higher in Ridgewood at an average of $250, compared to Detroit lakes with $220.